Question: 1. Which plan will offer Roger the highest tax deferral in 2020? 2. If Rogers wife makes enough money for them to live on and

1. Which plan will offer Roger the highest tax deferral in 2020?

2. If Rogers wife makes enough money for them to live on and they decide to save as much of his income as possible, how much is the maximum that he can defer in tax-deferred?

ITEM SET 7: 403(b) PLANS Roger Rogers, 46, works for the local public school teaching Physics to advanced science high school students. Roger has been with the school for 21 years, earns $65,000 per year, and has never contributed to the 403(b) retirement plan that is offered. The 403(b) plan offers dollar for dollar matching on all contributions. The school district is considering adopting a 457 plan

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